LETTING EMOTION MAKE YOU A LOSER!
- I placed over 75% of my portfolio in the OPTIONS CHAIN! (Diversify, Diversify Diversify!!) This has led to a DRAMATIC LOSS (in terms of my total portfolio).
- I was somewhat successful on 1 options contract expiry 8/10 and instead of moving on to a different stock, I quadrupled down and didn’t cover myself AT ALL WITH A SPREAD. VERY BAD EMOTIONAL TRADE
- I GOT GREEDY AND AM PAYING FOR SAID GREED!!
- I didn’t know enough about the GREEKS!! (KNOW YOUR GREEKS!! PLEASE!)
- I didn’t set a stop-loss to control how much money I would lose!! (Use LIMIT SELLS!)
- My confidence has taken a greedy kick to the 🎈🎈!! (A visual metaphor and YES THEY ARE RED!!)
- AS IT TAKES MONEY TO MAKE MONEY, I am basically starting back from square one. (Exercise Patience!!)
All the things I mentioned have put me in the unfortunate position of having to close out these contracts basically worthless.. please don’t be like #Bobdangit!! Set STRICT LIMITS!! USE LIMIT BUY/SELLS TO CONTROL LOSSES AND TARGET PROFIT TAKING!
I would say I’m ashamed, but I am not. I am a lifelong learner who is determined not to let a few mis-steps run me. Time to start over, a lot more knowledgeable and a lot poorer! I will get there, so will you! SOONER THAN LATER!!
Please give me a comment, like or just laugh at my stupidity! Better yet, a hearty 😂😂, and I COULD OF TOLD YOU NOT TO DO THAT!! Lol. Also, I need a job, so I can earn more money to get back where I need to be! DM me at email@example.com if you have any leads! Or want my BTC/STELLAR WALLET ADDRESS!!! Lol, kidding about the wallet. I’m not doing this to make money for nothing!
Have a blessed day, good luck and remember
Do What You Love, Everyday!!
I haven’t mentioned them nearly enough. However, it is not an understatement to say that the love of these two gorgeous ladies is the reason I am still among the living.
They are my two daughters and they shower this old guy with more love than I can handle. If you have kids, they truly are your greatest creations. The gift that keeps on giving and without them, I would surely be lost.
We can really learn a lot from this little video I saw on LinkedIn. I feel if the greater portion of today’s society would join hands and minds to work together we could really accomplish so many things to make everyone’s existence on this beautiful planet of ours a great one. . I absolutely believe it possible and that most people want to show compassion and work
2.gether 2 T.hink O.utside. T.he B.ox
A little video for you all to enjoy!!
Good Friday Morning, I sincerely hope you are in good health and even better spirits this morning.
Do you know what I am an Expert at?….Nothing, certainly not with anything to do with money or Investing, as a matter of fact, If I happen to ever offer you advice or even an opinion about what you should do with your money. Please, do us both a favor, and do the EXACT OPPPOSITE>>;).
That being said, past experience has taught me that over the course of life, you can never go wrong by investing in YOURSELF. What do I mean by that? Well, there are a thousand ways to interperate those words and a thousand more ways to actually accomplish it. Let me give you a few examples.
EDUCATION- This one is probably the most obvious and most important, to me anyway. I have tried to consider myself a life long learner. I never think that I know everything about anything and I always try to learn something new from every person and experience I come across. Sometimes, as I am human, I forget what I learned 2 minutes afterwards but that leaves me open to the possibility of learning it again the next time. Learning something new, whether you learn it the easy way or the hard way, can be one of the quickest and most rewarding ways to enrich your life.
SMILE- When you smile, you usually immediately get a return on your investment by feeling instantly better. Not only that, smiling can be done when you are alone but the returns are even greater when you smile amongst a group. Feeling good about yourself or making others feel good is a win-win for any situation and best of all, IT IS FREE!! Challenge yourself to SMILE EVERYTIME you make eye contact with someone, whether they are a life-long friend or a simply a passing stranger. It will vastly improve your day.
LOVE- Coming from someone who spent the last few years, doing just about everything BUT loving, especially myself. This can be the most challenging but offers the highest profit margin in terms of overall satisfaction in life. Take the time to explore your feelings and figure out the best qualities in you. I have learned the hard way, that you cannot share love if you do not feel that you love yourself. Love is the most powerful of all the positive emotions and can work miracles when it comes to personal HAPPINESS. We all have the capacity to love and when we do things seem to just fall into place almost effortlessly. No one has taught me more about love than my two daughters. I am so fortunate to have them and to have invested so much love into them as it has paid me back a thousand fold.
Let me thank you again for reading and allowing me to share a few thoughts with you. This blog is first and foremost, a means for me to express myself and share myself with… whomever, the more the better. If you have anything you would like to add, please let me know. I promise I will read anything anyone submits and take any and all criticisms and accolades to heart. HAVE A WONDERFUL DAY.
Without a doubt, one of the coolest things I’ve seen.. I will post products I see that are super freakin cool… none of them I am personally interested in just “THE WOW OR WTF FACTOR!” ✌️